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Altona Industrial Estate

The industrial estate comprises nine separate buildings located in the western industrial precinct of Melbourne adjacent to the Western Ring Road. The site offers low site coverage with future redevelopment potential and is fully leased.

Location: West Melbourne, Vic
Acquisition date: Jul 2000
Ownership/Title: 100%/Freehold
Cost including additions: $30 million
Last Independent Valuation
Date: Jun 2017
Valuation: $36.3 million
Valuation $/m2: $1,059/m²
Capitalisation rate: 7.50%
Discount rate: 7.75%
Lettable area: 34,264 m²
Site area: 15.0 ha
Hardstand: 63,500 m²
Weighted average lease expiry: 3.3 years
Major Tenants GLA m2
Autonexus Pty Ltd 6,165
Freight Assist Australia 5,222
IFC Warehousing and Distribution 5,049
Petrogas 4,877